Apple Profit Up 38%, but iPhone Sales Disappoint Wall Street - The New York Times

Expect different

"In total, Apple reported a 38 percent increase in profit, to $10.7 billion, from a year ago, with revenue surging 33 percent to $49.6 billion. Sales of the company’s biggest revenue and profit generator, the iPhone, soared 35 percent to 47.5 million units. 

“That’s mind-boggling” growth for a company that produces more than $200 billion in annual revenue and clocks in with a market capitalization of $753 billion, said Toni Sacconaghi, a financial analyst for Sanford C. Bernstein. “That said, everyone expected that and a little bit more.”"

Apple Profit Up 38%, but iPhone Sales Disappoint Wall Street - The New York Times